Brief: Finet Group says unit entered into agreement with BACOB Management

Finet

13/03/2017 22:10

March 14 (Reuters) -    Finet Group Ltd  8317.HK : 
    * Vendor, unit of company, has entered into provisional 
agreement with, amongst others, purchaser and vendor guarantor 
    * Expects that subject to completion, group will record a 
gain of approximately hk$9.8 million from disposal 
    * Deal for disposal at consideration of hk$68 million 
    * Bacob management agreed to purchase sale shares 
representing entire issued share capital of pink angel 
investments together with sale debt 
 
 
     
     
    Source text for Eikon:  ID:nHKS88TdmK  
    Further company coverage:  8317.HK  
 
 ((Bangalore.newsroom@thomsonreuters.com ;))